- Companies
- Mechanics and garages
- Wellington
- Formula Cars (South West) Limited
Formula Cars (South West) Limited
- Company number
- 04302350
- Incorporated
- 10 Oct 200125 years trading
- Registered office
- Poole Trading Estate, Wellington, Somerset, TA21 9HH
- Nature of business
- Maintenance and repair of motor vehicles
Formula Cars (South West) Limited is a 25-year-old private limited company registered in Wellington, company number 04302350, one of 23 vehicle repair garages in Wellington. Its next accounts are due at Companies House on 31 July 2027, and the CT600 for the period to 31 October 2026 is due at HMRC on 31 October 2027.
Key dates
Worked out from the year end and filing history on the Companies House register.
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Finances
From each year's balance sheet filed at Companies House. Small companies do not have to publish turnover or profit, so these are balance sheet figures.
- Net assets up £23K (+4.7%) on the year before, to £513K.
- Net assets rose in 5 of 7 year-on-year comparisons on record.
- Current assets of £774K against £274K owed within a year: 2.8 times cover.
- 4 employees on average during the year.
- Balance sheets on record for 8 years, 2018 to 2025.
Net assets by year
| Year end | Net assets | Cash | Current assets | Owed within a year | Employees |
|---|---|---|---|---|---|
| 31 Oct 2025 | £513K | £209K | £774K | £274K | 4 |
| 31 Oct 2024 | £490K | £273K | £753K | £272K | 4 |
| 31 Oct 2023 | £423K | £338K | £660K | £227K | 4 |
| 31 Oct 2022 | £225K | £183K | £432K | £189K | 5 |
| 31 Oct 2021 | £233K | £249K | £463K | £202K | 5 |
| 31 Oct 2020 | £209K | £205K | £410K | £163K | 6 |
| 31 Oct 2019 | £195K | £128K | £313K | £124K | 6 |
| 31 Oct 2018 | £209K | £79K | £313K | £112K | 6 |
Where Formula Cars (South West) Limited is registered
The registered office is in Wellington (TA21), in the Somerset local authority area, South West. Show TA21 9HH on a map.
Other trade companies in TA21
- Ranger Motors LimitedMotor traders
- Paxton Gardening LtdLandscapers and gardeners
- Skyview Developments (SW) LtdProperty developers
- Bussell Group LtdCivil engineering
- Classic Glazing South West LtdGlaziers
- Total Build Solutions LimitedCivil engineering
- Curt Willis Motors LtdMechanics and garages
- Davam Utility LtdSpecialist contractors
What happens if Formula Cars (South West) Limited files late
Companies House charges an automatic penalty the day after the deadline, and it rises the longer the accounts are late. These are the dates for this company's accounts due on 31 July 2027.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 Aug 2027 to 31 Aug 2027 | £150 |
| 1 to 3 months late | 1 Sep 2027 to 31 Oct 2027 | £375 |
| 3 to 6 months late | 1 Nov 2027 to 31 Jan 2028 | £750 |
| More than 6 months late | From 1 Feb 2028 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Nov 2027 | £200 |
| 3 months late | 31 Jan 2028 | another £200 |
| 6 months late | 30 Apr 2028 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 31 Oct 2028 | another 10% of any unpaid tax |
For returns filed on or after 1 April 2026. Late three times in a row and the £200 penalties become £1,000 each.
Company details
As held on the Companies House register.
- Company number
- 04302350
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 10 October 2001 (25 years ago)
- Registered office
- Poole Trading Estate, Wellington, Somerset, TA21 9HH
- Nature of business
- Maintenance and repair of motor vehicles (SIC 45200)
- Year end
- 31 October (accounting reference date)
- Accounts type
- Total exemption (full)
- Last accounts made up to
- 31 October 2025
- Last confirmation statement
- 10 October 2025
- Charges (mortgages)
- 0 outstanding of 1 registered
Filing notes for vehicle repair garages
Garages hold parts stock and often own diagnostic equipment and ramps, which qualify for capital allowances.
Similar companies in Wellington
Other active vehicle repair garages registered in Wellington.
- Fritz's Developments Limited2006
- Grice Automotive Limited2015
- J&R Automotive Ltd2024
- JDM Regiment Ltd2021
- KCS Auto's (SW) Ltd2020
- Migami Ltd2018
- Monument Holdings SW Ltd2025
- Monument Motors Wellington Limited2012
All vehicle repair garages in Wellington · All trades in Wellington · Mechanics and garages across the UK
Frequently asked questions
When are Formula Cars (South West) Limited's accounts due?
Formula Cars (South West) Limited's next accounts are due at Companies House by 31 July 2027 (in 291 days), covering the period to 31 October 2026.
When is Formula Cars (South West) Limited's CT600 due?
The CT600 for the period to 31 October 2026 is due at HMRC by 31 October 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 August 2027.
Is Formula Cars (South West) Limited still trading?
Formula Cars (South West) Limited is listed as active on the Companies House register as of 1 Oct 2026. Active means it has not been dissolved or entered insolvency; it does not show whether it is currently taking on work.
What does Formula Cars (South West) Limited do?
Formula Cars (South West) Limited is registered under Maintenance and repair of motor vehicles (SIC 45200).
How old is Formula Cars (South West) Limited?
Formula Cars (South West) Limited was incorporated on 10 October 2001, 25 years ago.
What is the penalty if Formula Cars (South West) Limited files its accounts late?
Companies House charges £150 if the accounts are up to 1 month late, £375 up to 3 months, £750 up to 6 months and £1,500 after that, doubled if the previous year's accounts were also late. HMRC charges £200 for a CT600 filed a day late and another £200 at 3 months.
Official records
View Formula Cars (South West) Limited on Companies House for filed documents, officers and the full history.
Based on the Companies House register (snapshot 1 Oct 2026). Deadlines are worked out from the register and assume a standard accounting period; a change of year end or a short period moves them. This page is general information, not tax or accountancy advice.